Meredith Corp.

Meredith Corp.

Meredith Corp.

Overview
Date Founded

1902

Headquarters

1716 LOCUST STREET, DES MOINES, IA, 50309

Type of Company

Public

Employees (Worldwide)

5,670

Industries

Publishing
Media Conglomerates
Advertising & Marketing
Cable, Satellite, and Radio Telecommunications

Company Description

Meredith Corp. engages in television broadcasting and magazine advertising business. It operates through the Local Media and National Media business segments. The Local Media segment includes television stations and offers websites, mobile-optimized websites, and mobile applications. The National Media segment consists of national consumer media brands delivered via multiple media platforms including print magazines and digital and mobile media, brand licensing activities, database-related activities, and business-to-business marketing products and services. The company was founded by Edwin Thomas Meredith in 1902 and is headquartered in Des Moines, IA.

Contact Data
Trying to get in touch with decision makers at Meredith Corp.? Subscribe today to access their professional contact information and receive a one time promotion of free Contact Data credits!
Executives & Employees

Director, President & Chief Executive Officer

Vice President & Chief Financial Officer

Chief Development Officer & General Counsel

Vice President, Chief Communications Officer

Senior Vice President & Chief Digital Officer

Chief Revenue Officer & Executive Vice President

Chief Privacy Officer

Chief Strategy Officer

Head, Strategic Marketing & Communications

President, Local Media Group

Board of Directors

Vice Chairman at Meredith Corp. Foundation

President & Chief Executive Officer at Public Broadcasting Service

Director, President & Chief Executive Officer at Meredith Corp.

Former President at Brown-Forman Corp.

Employee at Urban Institute

Director at Rent the Runway, Inc.

Member-Sports Board at The University of Nottingham

President-Dairy Foods & Executive Vice President at Land O'Lakes, Inc.

Advisor at xAD, Inc.

Paths to Meredith Corp.
Potential Connections via
Relationship Science
You
Meredith Corp.
Owners & Shareholders
Details Hidden

Fairpointe Capital manages equity portfolios for clients. The firm looks for companies with compelling business models, financial strength, experienced management, and attractive valuation. The Mid-Cap strategy employs a fundamental bottom-up, valuation-based process to select companies that they believe are inefficiently priced relative to their earnings growth outlook over the next three to five years. Fairpointe has a preference for companies with products or services that make their customers more efficient or profitable, and are critical to their customers' success. The Focused Equity strategy employs a disciplined, fundamental, bottom-up valuation-based approach to investing while seeking to select companies that are inefficiently priced relative to their fundamental value, earnings growth outlook and cash flow generationover the next three to five years. Security selection is based on identifying companies with a catalyst for change, strong or improving financial metrics and prior management success. Fairpointe primarily invests in domestic equities and ADRs. If fixed income exposure is required by the client, Fairpointe typically invests in bond funds, corporate bonds, and treasuries. ^

Details Hidden

BTC Capital may include stocks, bonds, mutual funds, exchange traded funds, accounts or model portfolios managed by third party managers, and other types of investments. Portfolios are individually constructed for each client based on the client's financial objectives, needs and goals, etc., but will usually be structured similar to BTC Capital portfolio models. BTC Capital Management general investment strategy is consistent with the tenets of modern portfolio theory and seeks o reduce risk and volatility by building diversified portfolios tailored to the needs of the client. To implement this strategy, the firm typically creates portfolios of securities consisting of individual equities, bonds, mutual funds, ETFs and other investment products and opportunities. When creating portfolios, they allocate the client's assets among various investments taking into consideration the overall management style selected by the client, the platform where the assets are held, and other clients specific investment strategies. Although BTC Capital primarily uses long-term, strategic techniques, they may sometimes use short-term, tactical techniques.

Details Hidden

EDMP is a value investment manager that seeks to invest in great companies that are trading at or below their true worth. The firm's investment approach is based on the idea that earnings determine market price. In general, EDMP tends to invest in the stocks of US large-cap companies in the technology services, electronic technology health technology and retail sectors. The firm maintains a medium turnover rate.EDMP's investment process begins with a universe of several thousand companies that are screened through various criteria and are placed on a review list. Companies on the review list must meet most of the following (1) have an A rating or better (2) are industry leaders (3) have a minimum of 5 years and preferably 10 years of 15% to 20% earnings per share growth (4) have a history of dividend increases (5) have $100 million or more in sales (6) be located in the US (7) have a market value greater than $1 billion and (8) have a consensus forecast of 15% to 20% future earnings growth. Companies that meet these criteria are then extensively reviewed before any decision is made.

Recent Transactions
Details Hidden

Sportority Ltd. purchases FanSided, Inc. from Meredith Corp.

Details Hidden

Meredith Corp. purchases Stop, Breathe & Think, PBC from Amplify.LA Partners LLC, Double M Partners, Tumml, Inc., Aspect Ventures Management LLC, Broadway Angels, Launchpad Digital Health LLC

Details Hidden

Accenture Plc purchases Meredith Xcelerated Marketing Corp. from Meredith Corp.

Insider Transactions
Details Hidden
Details Hidden
Details Hidden
Transaction Advisors
Legal Advisor

Advised onMeredith Corp. purchases TI Gotham, Inc.

Accountant

Advised onMeredith Corp. purchases Bertelsmann AG /4 Magazines from Bertelsmann SE & Co. KGaA, Gruner & Jahr USA Publishing Co.

Investment Advisor

Advised onMeredith Corp. purchases TI Gotham, Inc.

Legal Advisor

Advised onMeredith Corp. purchases TI Gotham, Inc.

Legal Advisor

Advised onMeredith Corp. purchases TI Gotham, Inc.

Legal Advisor

Advised onMeredith Corp. purchases TI Gotham, Inc.

Advisors & Consultants
Legal Advisor

Partner at Winston & Strawn LLP

Legal Advisor

Partner at Davis Wright Tremaine LLP

Legal Advisor

Senior Counsel, Washington, DC at Cooley LLP

Clients

The Home Depot, Inc. engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products, and decor products. It offers home improvement installation services,and tool and equipment rental. The company was founded by Bernard Marcus, Arthur M. Blank, Kenneth Gerald Langone, and Pat Farrah on June 29, 1978 and is headquartered at Atlanta, GA.

Carnival Corporation & plc is a global cruise company and one of the largest vacation companies in the world. Our portfolio of leading cruise brands includes Carnival Cruise Lines, Holland America Line, Princess Cruises and Seabourn in North America; P&O Cruises (UK), and Cunard in the United Kingdom; AIDA Cruises in Germany; Costa Cruises in Southern Europe; Iberocruceros in Spain; and P&O Cruises (Australia) in Australia. These brands, which comprise the most recognized cruise brands in North America, the United Kingdom, Germany and Italy, offer a wide range of holiday and vacation products to a customer base that is broadly varied in terms of cultures, languages and leisure-time preferences. We also own a tour company that complements our cruise operations: Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Combined, our vacation companies attract 10 million guests annually

The TJX Companies, Inc., the leading off-price apparel and home fashions retailer in the U.S. and worldwide, is ranked 85 among Fortune 500 companies. They operate T.J. Maxx and Marshalls (combined, Marmaxx), HomeGoods, Sierra, and Homesense, as well as tjmaxx.com and sierra.com, in the U.S.; Winners, HomeSense, and Marshalls (combined, TJX Canada) in Canada; and T.K. Maxx in the United Kingdom, Ireland, Germany, Poland, Austria, the Netherlands, and Australia, as well as Homesense in the U.K. and Ireland and tkmaxx.com in the U.K. (combined, TJX International).

Key Stats and Financials As of 2019
Market Capitalization
$525M
Total Enterprise Value
$5.32B
Earnings Per Share
$-0.71
EBITDAMargin
20.99%
Enterprise Value Sales
1.67x
Enterprise Value EBITDAOperating
7.96x
TEVNet Income
114.96x
Debt TEV
0.44x
Total Debt
$2.33B
Total Equity
$1.51B
EBITDA
$668M
Net Profit
$46.3M
Revenue
$3.18B
Three Year Compounded Annual Growth Rate Of Revenue
24.5%
Five Year Compounded Annual Growth Rate Of Revenue
16.73%
Non-Profit Donations & Grants
Political Donations
$250
2013
$250
2013
$100
2013
Investments
Details Hidden

XS, Inc. specializes in data collection, cleaning, integration, analysis, and online reporting for the agriculture and turf and ornamental industries. The firm offers EZTrak for retailers, EZTrak for manufacturers, SPCexpress for distributors, PowerSuite for wholesalers, and AgVeritas. The company was founded by William Barton, Randall Hompesch and Napier Fulton Breen Jr. in 1998 and is headquartered in Morrisville, NC.

Details Hidden

Loot Crate, Inc. engages in the provision of subscription boxes services. It partners in entertainment, gaming, sports, and pop culture to deliver monthly themed crates, produce interactive experiences and digital content, and film original video productions. The company was founded by Chris Davis and Matthew Arevalo in 2012 and is headquartered in Los Angeles, CA.

Details Hidden

Next Issue Media LLC develops software application that allows users to access online magazines. The company was founded in 2009 and is headquartered in Menlo Park, CA.

Investors
Details Hidden

Co-Founder at Humu, Inc.

Details Hidden

Founder at Imagine K12 LLC

Details Hidden

Co-Founder & Chief Executive Officer at Compliant Innovations, Inc.

Suppliers
Teradata Corp. Market & Policy Research | Dayton, OH

As the global leader in enterprise data warehousing and analytic technologies, Teradata delivers an affordable family of purpose built platforms, a high performing technology and innovative industry-specific solutions that enable you to solve a wide range of data warehousing and business challenges. At Teradata, our goal is to make smart companies smarter by giving them intelligence and the speed to win in their marketplaces… Smarter. Faster. Wins.™ For nearly 30 years companies of all sizes and in all industries have been using Teradata Solutions for data warehousing to make decisions – faster and smarter than the competition. Now you too can empower your decision makers by giving them a single view of your business - enabling them to understand your customers, partners and markets by anticipating and recognizing changing strategic and operational requirements and preferences. We offer the world’s largest and most experienced force of industry, data warehousing and business intelligence consultants who will design and implement your system and enable you to drive top and bottom-line growth

ViacomCBS, Inc. Publishing | New York, New York

CBS Corporation is a mass media company that creates and distributes industry-leading content across a variety of platforms to audiences around the world. The Company has businesses with origins that date back to the dawn of the broadcasting age as well as new ventures that operate on the leading edge of media. CBS owns the most-watched television network in the U.S. and one of the world’s largest libraries of entertainment content, making its brand – “the Eye” – one of the most recognized in business. The Company’s operations span virtually every field of media and entertainment, including cable, publishing, radio, local TV, film, outdoor advertising, and interactive and socially responsible media. CBS’s businesses include CBS Television Network, The CW (a joint venture between CBS Corporation and Warner Bros. Entertainment), Showtime Networks, CBS Sports Network, TVGN (a joint venture between CBS Corporation and Lionsgate), Smithsonian Networks, Simon & Schuster, CBS Television Stations, CBS Radio, CBS Outdoor, CBS Television Studios, CBS Global Distribution Group (CBS Studios International and CBS Television Distribution), CBS Interactive, CBS Consumer Products, CBS Home Entertainment, CBS Films and CBS EcoMedia.

Comcast Corporation Internet Software & Services | Philadelphia, PA

Comcast Corporation (Nasdaq: CMCSA, CMCSK) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is the nation’s largest video, high-speed Internet and phone provider to residential customers under the XFINITY brand as well as to businesses. NBCUniversal operates 30 news and entertainment cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks & Resorts.

Competitors
Facebook, Inc. Internet Software & Services - Menlo Park, CA

Facebook, Inc. operates as a social networking company worldwide. The company engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces. It enables users to share opinions, ideas, photos, videos, and other activities online. The firm's products include Facebook, Instagram, Messenger, WhatsApp, and Oculus. The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004 and is headquartered in Menlo Park, CA.

Amazon.com, Inc. Retail: Other - Seattle, Washington

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Comcast Corporation Entertainment - Philadelphia, PA

Comcast Corporation (Nasdaq: CMCSA, CMCSK) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is the nation’s largest video, high-speed Internet and phone provider to residential customers under the XFINITY brand as well as to businesses. NBCUniversal operates 30 news and entertainment cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks & Resorts.

This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by Meredith Corp.. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of Meredith Corp.'s profile does not indicate a business or promotional relationship of any kind between RelSci and Meredith Corp..